days, to some degree we are used to sell-offs. this is the eighth straight monday down in a uh row. by that point someone has to know what to do. people buy and sell stocks rarely think about what's happening away from stocks. they are in their own stock world. the s&p or the futures are down, woe is me. without that perspective you will be led astray and miss the opportunities that were plentiful early today. do you know what's the single most important thing you need to know about stocks? do you know what it is? nothing having to do with stocks. out's the price of bonds. competition. right now we have the ten-year treasury yielding very little. the 30-year treasury paying 2.5%. that's a long-term asset to treasury. not unlike the long-term asset that's equities. giving you a pew any return. you must be drawn to the higher yielding stocks if only as a place to park your money. the fact that companies with high yields might be doing well is an added bonus. what i'm saying is if you know where bonds are, you should be drawn to the